Appendix 4D and Half Year Report 31 December 2024

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Stock Supply Network Ltd (SNL.ASX)
Release Time 28 Feb 2025, 3:43 p.m.
Price Sensitive Yes
 Supply Network Ltd Reports Strong H1 FY2024 Results
Key Points
  • Revenue up 18.3% to $172.0m
  • Profit after tax up 31.6% to $19.8m
  • Interim dividend of 32.0 cents per share, fully franked
Full Summary

Supply Network Limited has announced its results for the six months ended 31 December 2024. The company reported that group sales revenue for the half-year was $171.2m, an increase of 17.8% compared to the same period last year. Sales revenue increased by 18.6% in the Australian operation and by 15.2% in the New Zealand operation. Earnings before interest and tax for the half-year was $29.1m, an increase of 29.8% on the same period last year. Profit after income tax for the half-year was $19.8m, an increase of 31.6% on the same period last year. Basic earnings per share for the half-year was 46.21 cents compared with 36.00 cents for the corresponding period last year. The Directors have declared an interim dividend of 32.0 cents per share, fully franked at a 30% corporate tax rate, payable on 4 April 2025 to shareholders registered on 21 March 2025. The Dividend Reinvestment Plan will operate in respect of the interim dividend.

Guidance

The company reported that earnings before interest and tax for the half-year was $29.1m, an increase of 29.8% on the same period last year. Profit after income tax for the half-year was $19.8m, an increase of 31.6% on the same period last year.